1, MEADOW CLOSE, FARNSFIELD, NEWARK, NG22 8DS - £207,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 MEADOW CLOSE is a small extended detached house of 100m², built sometime between 1967 and 1975, which could now be worth an estimated £337,849. It was last sold for £207,000 in December 2011, which was around 4% below the average December 2011 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2009, where the current energy rating was D, and the potential energy rating was D.

1 MEADOW CLOSE Sold Prices

Land registry data shows three sales for 1 MEADOW CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three 1 MEADOW CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2011 6 DEC	£207,000	£215,666	4% below HPI
2003 28 NOV	£157,000	£180,700	13% below HPI
1995 23 JUN	£64,000	£73,951	13% below HPI

1 MEADOW CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The three 1 MEADOW CLOSE sales between June 1995 and December 2011 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2003 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2011 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 1 MEADOW CLOSE be worth now?

1 MEADOW CLOSE might now be worth an estimated £337,849.

This is based on house price inflation of 63.2%, between December 2011 and February 2025, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 63.2% inflationary increase is applied to the most recent sale price for 1 MEADOW CLOSE of £207,000 on 6th December 2011. For the value to have increased from £207,000 to £337,849 over the fourteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 1 MEADOW CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The December 2011 sale price of £207,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MEADOW CLOSE has not materially changed since December 2011.

How Large is 1 MEADOW CLOSE?

1 MEADOW CLOSE is 100m², which includes one extension, according to the EPC inspection conducted in April 2009. This puts it in the smallest 30% of detached houses houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farnsfield, and where 1 MEADOW CLOSE lies on this distribution: 25% of detached houses houses are smaller than 1 MEADOW CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

1 MEADOW CLOSE: Plot and Title Map

1 MEADOW CLOSE sits on a plot of roughly 0.117 of an acre, or 474m². The below map shows the location of 1 MEADOW CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MEADOW CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 MEADOW CLOSE?

1 MEADOW CLOSE is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 1 on MEADOW CLOSE.